The Bank of England has reduced the interest rate for the fifth time in one year to 4%, but warned that climbing food prices will increase in inflation in 2025. In a close decision which saw the members of the rate adjustment committee voting twice to break a dead end, the bank reduced the rate … Read more
The economy stagnates and the losses of jobs go up. It is now time to reduce interest rates again. It was the view of the committee of nine members of the Bank of England on Thursday. Well, at least five of them. The other four presented us with a different view: inflation is higher than … Read more
Santander must buy TSB, becoming the third largest bank in the United Kingdom in the process. This could mean that the TSB brand is no longer visible on the main street, because Santander said that it “intended to join the TSB in the Santander UK group”. Santander agreed to pay a first 2.65 billion pounds … Read more
Natwest Group has chosen a new chief of his network of High Street branches during the lender’s first important appointment since the end of his 17 -year term in the partial property of taxpayers. Sky News learned that Solange Chamberlain was chosen as a new managing director of the Natwest retail bank, almost six months … Read more
The bosses of four of the largest British banks secretly urged the Chancellor to abandon the most important regulatory change imposed after the 2008 financial crisis, which warned its continuous imposition inhibiting the economic growth of the United Kingdom. Sky News has obtained an explosive letter sent this week by the Directors General of HSBC … Read more
The financial markets estimated 100% a drop in interest rates of the Bank of England next month, while the effects of the evolution of the commercial war of Donald Trump continue to take place in the world economy. LSEG data early Tuesday had shown a probability of 82% reduction from 4.5% to 4.25% on May … Read more
The company which prints banknotes from the Bank of England is on the verge of a historic takeover which would see it belong to investors in investment for the first time since its foundation 212 years ago. Sky News has learned that Alas Holdings, a buyout company based in the United States, is in advanced … Read more
A Challenger bank which has raised a substantial clientele of the richest savers in Great Britain is in talks on the collection of 200 million pounds of private funding before continuing an American flotation which would raise other questions about the attractiveness of the attractiveness of the attractiveness of London market. Sky News has learned … Read more
Lloyds Banking Group must close 136 other branches. The largest British mortgage lender said that it would close 61 Lloyds, 61 Halifax and 14 Sites of the Scotland Bank between May of this year and March 2026. All workers affected by closures would be offered alternative roles, said the group. Money Dernited: People who only … Read more
Bank of England Governor Andrew Bailey will join Rachel Reeves on a visit to China next month aimed at strengthening financial services trade ties between the two countries. Sky News has learned that Mr Bailey and Nikhil Rathi, chief executive of the Financial Conduct Authority, will both accompany the chancellor during the January trip. Mr … Read more